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ARTICLE · 18 NOVEMBER 2014

Property Occupations Act 2014 (Qld) to commence soon

Holding Redlich
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The new Property Occupations Act and other amendments aim to reduce red tape in the sale and purchase of real property.

AustraliaReal Estate and Construction
Chris Wille
Chris Wille
Lindsey Harvey
Lindsey Harvey
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The Property Occupations Act 2014 has been proclaimed and is due to commence on 1 December 2014.

The amendments to the Land Sales Act 1994 (LSA), Property Law Act 1974 (PLA) and Body Corporate and Community Management Act 1997 (BCCM) are also due to commence on 1 December 2014.

These amendments and the new Property Occupations Act 2014 are designed to reduce red tape in the sale and purchase of real property. The changes will be of particular benefit for developers who can now use a more streamlined off the plan sales contract.

Key changes include:

  • Removal of Form 30C Warning Statement
  • New requirement for buyer's execution panel to refer to cooling off period rights

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